Class Action

Understanding Class Action Lawsuits

A “class action” is a civil suit brought by one or more people on behalf of themselves and others who are similarly situated. In other words, the others are in a substantially similar circumstance where the common issues are the most critical to the lawsuit. For example, if many consumers are injured as a result of an allegedly defective product, the principal issue will be whether the product caused the injury. Some examples of class actions are those brought against the manufacturers of allegedly defective or hazardous products, such as asbestos, certain vaccines, Agent Orange, tobacco, and breast implants. Next comes the question of how badly each party was injured be heard.

Class actions may also be brought on contracts. For example, all customers of a particular Internet service provider could claim damages if it changed its rates without adequate capacity to handle the increased traffic.

Additional areas in which class actions help protect consumers include debt collection, abusive mortgage lending, credit reporting, non-payment of overtime, and securities claims. For example, suppose a company issues an allegedly false press release and the stock goes from $10 to $15 but when the truth comes out the stock falls to $6 per share. A class action could be brought on behalf of all the stockholders who purchased shares after the company issued deceptive news and before the truth came out. Each member of the class allegedly suffered some harm as a result of the alleged wrong. The damages each member of the class will vary — someone who bought 1,000 shares at $15 each would be 10 times more impacted than a person who bought 100 shares at $15 — but the critical issue is whether the press release was deceptive, and that is common to all class members.

Typical class actions involve hundreds, thousands or millions of people who have comparable claims. Class action “certification” permits all claims to be heard in a single trial.

For more information on how the firm can help you to exercise your full legal rights, please contact our office by phone at 888-529-9600 to arrange for a free, initial consultation.

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What Our Clients Are Saying

I consulted with Mr. Pankin after hiring a debt consolidation attorney who took my money but did nothing to help me solve my debt problems. I had also consulted with a bankruptcy attorney in Manhattan previously who said I didn’t qualify for Chapter 7. I found in David Pankin, a refreshingly honest person, who consulted with me, and took as much time as needed to find out about my situation and whether he could even help me. After the initial consultation, Mr. Pankin called me a day or two later to say he could help me. I can’t say how despondent I was prior to contacting David; but after he called me and told me he could help me, I felt like a giant weight had been lifted off of my shoulders. I can’t say enough about David and how he helped me solve my debt crisis. I would recommend David’s firm in a heartbeat to anyone who’s in a financial quagmire and doesn’t know where to turn. David pretty much returned my sanity and gave me a second chance at living!!

Anonymous

My experience with the Law Office of David I. Pankin was outstanding. Bankruptcy to me was a very scary and unexpected thing to go through. I had no idea where or how to start and how everything would end. Everyone in that office from Mr. Pankin down was more helpful than I would have ever expected. I was a client with a list of questions that I’m sure was longer than most, but none went unanswered. They made me feel comfortable in a tough time, confident that I was going to be ok, and most importantly knowledgeable about every step that we went through along the way. I say the most important thing was the knowledge that Mr. Pankin and everyone in his office gave me because when I came to them with questions they didn’t just answer them by telling me things will be fine, they told me why they will be fine and the steps that would take place to answer and solve each of my concerns. I would recommend the Law Office of David I. Pankin to anyone including friends and family. Bankruptcy is not a fun situation to go through, but with the help of Mr. Pankin and his office, you will get the care, knowledge, and support to feel confident and comfortable throughout the entire process. Thank you to Mr. Pankin and your entire staff.

J. J.

My husband and I were having a lot of problems with our finances. I lost my job of 15 years and my husband’s company was downsizing. Things were getting extremely hard to handle. The kids needed essentials and bills were piling up. Initially, we spoke with credit card consultants thinking that was our only option but we were getting nowhere fast. We were in desperate need of help and decided to consult David I Pankin’s office. Even through our first meeting, we were assured that there is a light at the end of our dark tunnel. David I Pankin’s associates were very courteous and answered all of our questions without hesitation. The necessary documentation they needed to process our case was submitted and they went to work immediately. We are finally breathing a little easier now knowing that we can start our life over with our children and hope for a better future thanks to David I Pankin and associates

T. T.

Let me begin by saying I first recommend a friend to Mr. Pankin office, I trusted him by just seeing his television add, my friend took my advice and was very satisfied with the result from Mr. Pankin office she was able to put her all her worries away… I myself did not know that I would have come in to some real finical difficulties and when that time came I went to Mr. Pankin office for help, after my first vista I know I was in good hands. Mr. Pankin and his staff assure me that I would be ok and in the end it was… as Mr Pankin says “bankruptcy is not the end its just a new beginning” now its all over for me I can now sleep a lot better at night… I would recommend Mr Pankin to any who think that they need this kind of help… Thank you Mr. Pankin & staff

W.M.

The day I went for my initial interview, I was so nervous. After speaking with Robert, I felt comfortable and confident choosing David I Pankin, PC to represent me. They took the time to make sure all my questions and concerns were addressed. On the day I had to appear in court, Roger was there to support and counsel me and Zaira made sure I was well prepared for my court date. I wouldn’t hesitate recommending these knowledgeable, professional and courteous individuals to my friends and family.

C.D.

From beginning to end, over the course of many months, my experience with David Pankin and his courteous staff, including Robert Reich, was excellent. I received expert, professional advice; and I was always pointed in the right direction. The final outcome of my case – which was most satisfactory – was exactly what I was told it would be. Many thanks are in order for a job well done. I highly recommend the Law Offices of David I Pankin, P.C.

D.W.

From the first time we walked into Mr. Pankin’s office, everyone on the staff was very professional and made us feel very comfortable. It was a smooth process throughout our experience. We highly recommend Mr. Pankin and his associates. Thank you to everyone for all your help. Joe and Rosanna

R.C.

I recently filed bankruptcy through the law office of David Pankin. Honestly I didn’t know what to expect. I thought it would be a long drawn out expensive process, which I must say it wasn’t. The payment plans were affordable. The garnishment stopped almost immediately. I’ve already began receiving car loan offers. I have opened a bank account as well as received my first credit card since filing. So if you are considering filing bankruptcy, David Pankin and his associates are the way to go. Thanks for giving me my life back

T.B.

I am extremely pleased with the work this law office did for my family. I was in a situation where time and execution was everything and Mr. Pankin’s office and all of the staff made it happen . I recommend their service to anyone needing results in a timely manner. Simply excellent. Thank you all.

A. D.

When your financial world comes crumbling down around you and every time you hear from your creditors the news seems worse, you want Mr. Pankin and his staff to represent you. They are professional, experience and sensitive to your needs. From the moment you contact Mr. Pankin you feel like everything is going to be okay. I met David Pankin about twelve years ago and he represented me and restored my credit back to an excellent credit rating. What I remember about David is that his success has not change him or his staff one bit. They remain commitment to getting your life back on track as soon as possible. Less than two months have passed and I have received my discard letter from the courts already. I am on my way to rebuilding my credit by continuing to be on a budget that was recommended by Davidâ€™s firm. Thanks. D. P. â€œYouâ€™re The Manâ€

The Law Offices of David I. Pankin, P.C. provides bankruptcy, foreclosure and loan modification representation to clients throughout the New York area in boroughs that include Manhattan, Brooklyn, Long Island, Queens, Bronx and Staten Island. This website is a Legal Advertisement. We are a debt relief agency. We help people file for bankruptcy relief under the bankruptcy code. The information on this website is for general information purposes only. Nothing on this site should be taken as legal advice for any individual case or situation. This information is not intended to create, and receipt or viewing does not constitute an attorney client relationship.